$6,234 Closing Credit*
$525,000
2,827 SqFt
5 Beds
•3 Full Baths, 1 Partial
Ryan Leonard Byerly, Listing Office: Mark Spain Real Estate
Is 27524, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 27524 was a Buyer's Market.
Key Takeaway
27524 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 27524, NC
How much do homes in 27524, NC cost?
Median Sold Price
$347,250
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,250(+6.8%)
Key Takeaway
Homes in 27524 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 27524 was $347,250 in November 2024, up 6.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227.5K | $186K | -18.2% |
| 3 Bedrooms | $314.9K | $337K | +7.0% |
| 4 Bedrooms | $404.4K | $472.5K | +16.8% |
| 5+ Bedrooms | - | $407.5K | N/A |
Summary: 27524 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes did not change.
Housing Supply in 27524, NC
How many homes are available in 27524, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 85 | +3.7% |
Summary: The 27524 real estate market had 85 homes for sale in November 2024, a 3.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 49 | 51 | +4.1% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 27524 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 21 | +110.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27524, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 27524 in November 2024, up by 110.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for 27524, NC
How long does it take to sell a home in 27524, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 115 Days | 111 Days | -3.9% |
Summary: Homes in 27524 had an average of 111 days on market in Nov 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 27524 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 21 homes were sold in 27524; 38% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
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